Applicants for a medical cannabis pharmacy license in Utah. Required when: Obtaining a license from the Utah Department of Agriculture and Food to carry on business as a Medical Cannabis Pharmacy. Exemptions: An applicant may provide a liquid cash account in the amount of $100,000 with a financial institution in lieu …
Overview
What it is.
Applicants for a medical cannabis pharmacy license in Utah. Required when: Obtaining a license from the Utah Department of Agriculture and Food to carry on business as a Medical Cannabis Pharmacy. Exemptions: An applicant may provide a liquid cash account in the amount of $100,000 with a financial institution in lieu …
Who usually needs it
Applicants for a medical cannabis pharmacy license in Utah.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateUTBond amount$100,000Term lengthContinuousObligeeUtah Department of Agriculture and FoodRenewalThe bond must be maintained for the duration of the license. It expires only if the license is withdrawn, terminates through non-renewal, or is revoked.Bond classLicense BondCategoryHealthcareBondMedical Cannabis Pharmacy Performance BondStatutory referenceUtah Code § 4-41a-1001(2)(b)(iii)(A)JurisdictionState
